- Shiba Eternity: Phase 2 transcends the mobile card game to the blockchain.
- Shiba Inu crypto bursts out of the symmetrical triangle, inking 13.7% gains.
- Shibarium’s gas token BONE hits a monthly peak despite mega resistance.
The two largest coins in the Shibarium ecosystem blasted off this Thursday after Shiba Inu’s executive team made multiple announcements. Firstly, SHIB Marketing Lead Lucie declared that the launch of Shiba Eternity’s Phase 2 was delayed due to “unexpected challenges.”
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The team is “focused on ensuring everything is just right for the community.” Beta testing on Shibarium proceeds, as the Shiba Inu Games team continues working on bug fixes, including a loading screen issue. Shiba’s gaming subsidiary has previously published a step-by-step guide on how to play the P2E version.
Shiba Eternity: Phase 2 On Shibarium Soon
Shiba Eternity’s Phase 2 is expected to bring a Web3 version of the mobile collectible card game to Closed Beta testing. Early access is set to open doors for Shiboshis, SHEboshis, and Shiba Eternity Lore NFT owners first, shifting Shiba Eternity’s virtual cards into tradeable on-chain assets.
Originally released in October 2022, Shiba Eternity garnered attention from mobile card game fans, bringing its franchise to a broader audience. The new P2E version on Shibarium’s chain includes prize tournaments and true ownership of in-game assets.
Shiba Inu Jumps to 3-Month Heights
SHIB has successfully broken out of the symmetrical triangle. Its price went from a daily low of $0.00001494 to $0.00001729, surpassing the August 25, 2024 bull run. Shiba conquered the confluent resistance levels of $0.00001645, unseen since late July 2024.
Meanwhile, Bone ShibaSwap (BONE) also made 10% gains to claim a new monthly peak at $0.467. However, Shibarium’s official gas fee token is still far from its three-month high of $0.588, hit on July 16, 2024.
Despite the small intraday correction, a continuation of this bullish price trend for Bone ShibaSwap is still on the cards if BONE closes above $0.445, where the lowest point of the current resistance bubble lies, according to IntoTheBlock. With 8.83K addresses holding 48.61M Shiba Inu’s BONE, the average price is $0.55, where traders are likely to start taking profits.
With only 23% of current BONE custodians making a profit at this price, the way upward mostly relies on the developments within the Shibarium system. Recently, Shibarium L2 introduced a decentralized application for Liquid Derivatives Staking (LSD), an equivalent of Lido Protocol’s utility on Ethereum (ETH). The move immediately boosted Shibarium’s total value locked (TVL).
On the Flipside
- Bone ShibaSwap (BONE) has been struggling to get listed on major exchanges despite petitions from SHIB Army members for it to be listed on Binance and KuCoin.
- Shiba Inu’s (SHIB) Stochastic Relative Strength Index (Stoch RSI) pointed to 83 on the 1-day Shiba crypto technical charts, hinting at an extremely overbought condition.
Why This Matters
Shiba Inu has outgrown their satirical status with utility and community support, becoming a considerable investment option beyond the hype.
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